Category Archives: bailout

S&P’s decision to downgrade the US debt rating from AAA to AA+ is very unwelcome news but it should not surprise anybody, especially in Washington where neither party has been willing to tackle the deficit or the debt in a … Continue reading →

How is Obama doing? I remain a big fan of how Obama has approached international diplomacy, basically speaking softly without putting down the carrots and big stick that America probably needs to wield to avoid international meltdowns. (We … Continue reading →

David Brooks of the New York Times is one of my very favorite thinkers – he’s a calm and intellectual conservative who manages to maintain a great deal of respect for the reality of the sweeping political changes before us, … Continue reading →

I remain a fan of President Obama but it has been painful to watch him and congress move to adopt the most reckless example of massive and excessive government spending since the founding of our remarkable American experiment. The founders … Continue reading →

Update: Thursday saw a big DOW drop of about 300 where Friday was up a bit so I continue to think we are near the bottom unless we see some strong indications that the stimulus will fail. I think … Continue reading →

Nobody has nearly enough information to know with any degree of certainty if Bush’s massive 700 billion bailout and Obama’s approximately 800 billion dollar stimulous packages are going to help or hurt us in the long term. Clearly in the … Continue reading →

Today on Zakaria GPS we have Robert Rubin, Citibank and Wall Street megamoneymeister and Clinton’s Secretary of the Treasury. Rubin is always one of the most impressive observers of the economy, and distinguished as one of the few Secty’s of … Continue reading →